USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Sep 18, 2021

For a non-Maryland resident

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $460,600,000 for a ticket purchased in Maryland, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Maryland

Drawing Date:Sat, Sep 18, 2021
Jackpot:$460,600,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,932,691$2,529,168$620,476$3,783,047
2$7,279,326$2,657,423$651,500$3,970,403
3$7,643,292$2,792,090$684,075$4,167,127
4$8,025,457$2,933,491$718,278$4,373,687
5$8,426,729$3,081,962$754,192$4,590,575
6$8,848,066$3,237,857$791,902$4,818,307
7$9,290,469$3,401,546$831,497$5,057,426
8$9,754,993$3,573,420$873,072$5,308,501
9$10,242,742$3,753,887$916,725$5,572,130
10$10,754,879$3,943,378$962,562$5,848,940
11$11,292,623$4,142,343$1,010,690$6,139,591
12$11,857,254$4,351,256$1,061,224$6,444,774
13$12,450,117$4,570,616$1,114,285$6,765,216
14$13,072,623$4,800,943$1,170,000$7,101,680
15$13,726,254$5,042,786$1,228,500$7,454,968
16$14,412,567$5,296,722$1,289,925$7,825,920
17$15,133,195$5,563,354$1,354,421$8,215,420
18$15,889,855$5,843,319$1,422,142$8,624,394
19$16,684,347$6,137,281$1,493,249$9,053,818
20$17,518,565$6,445,941$1,567,912$9,504,712
21$18,394,493$6,770,035$1,646,307$9,978,151
22$19,314,218$7,110,333$1,728,622$10,475,262
23$20,279,929$7,467,646$1,815,054$10,997,229
24$21,293,925$7,842,824$1,905,806$11,545,294
25$22,358,621$8,236,762$2,001,097$12,120,762
26$23,476,553$8,650,397$2,101,151$12,725,004
27$24,650,380$9,084,713$2,206,209$13,359,458
28$25,882,899$9,540,745$2,316,519$14,025,635
29$27,177,044$10,019,578$2,432,345$14,725,120
30$28,535,896$10,522,354$2,553,963$15,459,580
Total$460,600,001$169,344,170$41,223,700$250,032,131

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.